Near Future Of Silver

That looks interesting, but the link always seems to be loading for me. Do I need to sign in or something?

Ok, now it works for me...my browser needed a little help with it.

Wow, that is dramatic move with the German 5 year. What's up with that?

It amazing to me how much credit the US dollar gets as a safe currency with such a load of debt and possible ratings down grades pending.

What was that Silverhawk? I've been working on the car.

I'm wondering if they will get to a point where they HAVE to cut some of the bankrupt countries loose before they pull down their whole system? Am also wondering if they have a plan to deal with the PIIGS going bankrupt? Clearly, Germany and France cannot afford to save all of them. They can save the small fry but not countries the size of Spain or Italy. So... will they let them out of the European Union or will they try in vain to save them and lose it all?

Unfortunately for us, there is already a defacto world banking system that has developed from the US dollar, Euro, and Yen. We are all interrelated now and it may not be possible to separate them in the event of a systemic Euro crash. That could very well pull us and the Japanese down with them.

Do you have reference on this, as I checked MICEX, the Russian exchange said to do this, and could find nothing indicating it is currently operating. I had heard that the Chinese would not give transparency on their currency, so the Russians decided to keep their oil in USD pricing. This is the main reason that even with fiat waving between the countries, the Chinese will have to be transparent to the other countries if they wish to be the WRC. I suspect they have as many problems as the Euro nations, just the gov. can make what ever rules they wish, and keep quiet on their desertification, droughts, water pollution, lax mining and food regs, etc.Their only hope is to annex an oil producing area, since they have practically none. Hmmm, maybe Iran. :)

The scariest part is that the members of eurozone (the countries that use and print euros) are: Austria,Belgium,Cyprus,Finland,France,Germany,Greece,Ireland,Italy,Luxembourg,Malta,Netherlands,Portugal,Slovakia,Slovenia,Spain. So what happens to the value of the euro if Greece or Spain or Italy starts the Euro printing press running for their own QE? IMO.

Dream on if you expect silver to drop to $20 or less.

Bruce - you and I are contemporaries. I will be age 62 in about 3 weeks!

I agree with your comments, probably in large part because we have both lived through the same history.

Silver and gold can be looked at in many ways. For me, they are part insurance against financial disaster, part collectibles, part inflation fighter, and part a store of value. Having already seen the dollar shrink in buying power from $1 to about $0.03 within my lifetime, I am VERY unimpressed with the people running this country and have been for about 30 years now. I do not see how these incompetent thieves can get us out of the mess that they have created. Because of this, I am taking action to do my own saving. If I can use PMs to protect my family from the worst that comes along, then it will have been worth the time, money, and effort dedicated to it. If by some miracle we manage to avoid financial disaster, then my PMs will still have value in fighting inflation and preserving the wealth that I have accumulated.

In order to understand our current situation, one must eliminate the lies that we are told on a daily basis. First, we are NOT in a recession. We are in a depression but the government will NOT admit it. A depression is a deep recession with persistently high unemployment. Sounding familiar? Additionally, we do NOT have 9.2% unemployment. A very detailed analysis of US employment is available on https://www.shadowstats.com and it clearly shows that US unemployment is in the area of 16-18%... and that it is trending higher, not lower. Finally, we are told that the US currently has 3.2% inflation. This is yet another bald-faced lie. REAL inflation in the US is now at 9-10% when REAL numbers are used instead of the cooked books used by Bernanke and the federal government. That the talking heads on TV parrot the government figures over and over is a complete disgrace to their profession. Apparently, they subscribe to the Big Lie Theory, which repeats a lie so often that it becomes accepted as truth.

Once we have determined what the truth of our situation is, we can take sensible action to improve it. For me, that means collecting physical PMs and using a good fraction of the paper investments I have to do it. I am not rooting for a financial collapse of the Euro or the dollar. That would be a terrible situation that would do great harm to many of our fellow citizens. I will not allow such a collapse to harm my family, though. I will do this by being prepared in case it occurs. If it doesn't happen, that will be GREAT! But if it does, being prepared will be MUCH better than not being prepared.

I don't know that silver will go to $100 by the end of next year. It is a pretty safe bet that silver and gold will trend higher as the world's primary currencies (US dollar, Euro, and Yen) trend lower over time. At the very least, having PMs means that a good part of a person's wealth can be protected from the ravages of inflation.

Speaking of inflation, we have only seen the leading edge of that storm. Much more will soon follow. It is not possible to create trillions of fiat dollars out of thin air, "inject" them into the economy, and not expect severe repercussions from that action. Econ 101 tells us that the more common something is, the less value it has. Does this somehow not apply to currency? Hardly. It applies to EVERYTHING, including currencies. We cannot double or triple the amount of money in the economy without it producing inflation. The economists tell us that the definition of inflation is increasing amounts of money chasing the same or fewer amounts of goods and services. A trip to the local gas station, grocery store, pharmacy, and many other places will clearly demonstrate the power of inflation... Uncle Ben's comments notwithstanding.